Q3 2018 EPS Estimates for Empire Company Limited (EMP) Boosted by National Bank Financial
Empire Company Limited (TSE:EMP) – Stock analysts at National Bank Financial raised their Q3 2018 earnings estimates for shares of Empire in a research report issued to clients and investors on Wednesday. National Bank Financial analyst now forecasts that the company will post earnings of $0.21 per share for the quarter, up from their prior estimate of $0.16. National Bank Financial also issued estimates for Empire’s FY2018 earnings at $1.00 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.30 EPS and FY2019 earnings at $1.38 EPS.
Empire (TSE EMP) traded up C$0.12 during mid-day trading on Friday, hitting C$23.95. 337,563 shares of the stock traded hands, compared to its average volume of 422,359. Empire has a 1 year low of C$14.74 and a 1 year high of C$26.34.
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Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.
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